$495K
$99,417
"This home is suited to those who want to get their foot in the door of a solid property market which has seen fantastic growth over a twothree year period. The home has three bedrooms and would suit a family due to its goodsized backyard and its location. Enter the home via a covered veranda into the lounge, kitchen and dining area, serviced by both a split system air conditioner and wood heater. The kitchen has an electric stove, large pantry cupboards and serviceable bench space. The dining area benefits from north facing windows allowing the sunlight in. A passageway down the spine of the home leads firstly to a laundry on the left and separate toilet, then a bathroom containing vanity, shower and deep bath. The first bedroom is at the end of the hallway whilst opposite is the larger main bedroom and another bedroom all containing built in robes and quality carpet. Outside in the rear yard, theres an enclosure which is suitable for pets while next to this is a covered area for wood. Need room for storage Then look at the massive lockup garage which can house an extra vehicle, caravan, trailer or any range of other goods. Parking is available off street, in the entry driveway or along the front of the house. Leongatha is expanding, and with a housing market still very steady now might be the time for you to secure this home close to a large playground, and very near the towns recreation facilities. Investors, first home buyers, or growing families should inspect this home, close to McIndoe Park in Leongatha. Inspections are by appointment only, please contact the sales team to secure a time to view the property Andrew Newton 0402 940 320 or Tony Giles 0407 528 192. Disclaimer Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence."
Below are some similar properties in the area you may be interested in.
3.1%
79.5%
$570K
3.7%
-$35,000
-$13,493
3.8%
2.6%
-12.6%
6.0%
Asking Price
$510,000
Estimated Purchase Price
$575,000
Stamp Duty
$29,570
Transfer Fee
$1,451
Conveyancing
$1,196
Deposit (10%)
$57,500
Reg. Mortgage
$129
LMI Premium
$16,395
Renovation Costs
-
Total Cash/Equity Required
$106,791
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$2,014
$2,628
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$14,879
$21,804
Interest Repayments
$34,155
$34,155
Net Cashflow Before Tax
-$19,276
-$12,351
Depreciation
-
-
Tax Offset
-$5,783
-$3,705
Net Cashflow After Tax
-$13,493
-$8,646
Assumptions
Year 1
Year 10
Property Value
6.8%
$576,720
$1,042,573
Loan Balance
I.O
$517,500
$517,500
$59,220
$525,073
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price